CEA Industries Inc. (CEAD)

[goodgodyall]

The private placement news was uneventful. There were, however, some very favorable nuggets that could be read into the news. First, the private placement was raised at .16 so it must have closed while the share price was at or above .20. Secondly, the amount raised was just $1.201M to cover expenses compared to $1.8M in November. In addition, $400K of the PP went to the Keens buyout, further suggesting that only 810K needed to be raised to cover costs. Are revenues beginning to absorb operating expenses? Surna raised 7.562 M shares at .16 and bought 3.125M back from the Keens at .128. This was stage one of the Keens exit strategy which is helpful to all parties since the Keens are prevented from dumping their shares on the open market. Finally, Bechtel himself kicked in $125K to the PP which implies he is heavily motivated and incentivized.